What kind of credit rating do I need to get approved for a loan?
Our approval is based upon your past credit history, credit score, funds available, credit cards(s), available balance, and the value of the property you want financed. We look at the total overall potential of the Investor. Carolina Capital Management, LLC does require its investors to have an “A” or “B” credit grade, generally 640 or higher. We look at your credit and background to get a feel for the person or persons who are borrowing the money in order to screen for borrowers who obviously never intend to repay or may have issues with following rules and directions.
We look for ways to finance your investment, not for ways to turn you down.